PEA due to be completed in 2nd half of 2018Sometimes they pay more, but many potential deals occur following the completion of a Preliminary Economic Assessment, or PEA. From the May 15th press release. Having a PEA to support a purchase can be a good way to justify spending hundreds of millions, or billions.
The clock is ticking.
- A Preliminary Economic Assessment (“PEA”) for the Dark Star and Pinion resources is scheduled for completion during the second half of 2018. In connection with the PEA, new resource estimates will be completed at Dark Star and Pinion.